139,248 Shares in F.N.B. Corporation $FNB Acquired by Strs Ohio

Key Points

• Strs Ohio acquired 139,248 shares of F.N.B. Corporation, totaling approximately $1.87 million, as part of its first-quarter investments.
• Analysts have a consensus rating of "Buy" for F.N.B. with an average price target of $18.64, reflecting an optimistic outlook for the company's stock performance.
• F.N.B. recently announced a quarterly dividend of $0.12 per share, yielding around 3.0%, with a payout ratio of 37.50%.

Strs Ohio acquired a new stake in shares of F.N.B. Corporation (NYSE:FNB - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 139,248 shares of the bank's stock, valued at approximately $1,873,000.

Several other institutional investors also recently bought and sold shares of FNB. McClarren Financial Advisors Inc. bought a new stake in F.N.B. in the 1st quarter worth $28,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of F.N.B. during the first quarter worth about $34,000. Parallel Advisors LLC raised its position in F.N.B. by 47.4% during the 1st quarter. Parallel Advisors LLC now owns 3,096 shares of the bank's stock valued at $42,000 after purchasing an additional 995 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new position in F.N.B. during the 1st quarter valued at approximately $42,000. Finally, AlphaQuest LLC raised its position in F.N.B. by 82.2% during the 1st quarter. AlphaQuest LLC now owns 3,295 shares of the bank's stock valued at $44,000 after purchasing an additional 1,487 shares during the last quarter. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

F.N.B. Stock Performance

FNB traded down $0.26 during midday trading on Friday, reaching $16.31. The company had a trading volume of 13,928,624 shares, compared to its average volume of 8,166,188. The business has a 50-day moving average of $15.94 and a two-hundred day moving average of $14.47. The company has a market cap of $5.86 billion, a P/E ratio of 12.74, a P/E/G ratio of 0.93 and a beta of 0.98. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.41. F.N.B. Corporation has a 1 year low of $10.88 and a 1 year high of $17.70.

F.N.B. (NYSE:FNB - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The bank reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. F.N.B. had a net margin of 17.88% and a return on equity of 7.94%. The firm had revenue of $438.21 million for the quarter, compared to the consensus estimate of $424.39 million. During the same period last year, the firm earned $0.34 EPS. As a group, equities research analysts predict that F.N.B. Corporation will post 1.45 earnings per share for the current fiscal year.

F.N.B. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. F.N.B.'s dividend payout ratio is 37.50%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FNB. DA Davidson boosted their target price on F.N.B. from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Wells Fargo & Company raised their target price on shares of F.N.B. from $18.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Wall Street Zen raised shares of F.N.B. from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $18.50 target price (up previously from $16.50) on shares of F.N.B. in a report on Monday, July 21st. Finally, Truist Financial upped their target price on F.N.B. from $17.50 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $18.64.

About F.N.B.

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.